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Question: 5

Any securities representing a creditor relationship, whereby there is a fixed schedule for one or more future payments are called:

  1. Admitted assets
  2. Policy imbursement
  3. Yield amount
  4. Bonds

Answer: D

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Question: 2

What are recognized and accepted by state insurance departments in evaluating the solvency of an insurer for statutory accounting purposes?

  1. Assets
  2. Determined assets
  3. Admitted assets
  4. Altered assets

Answer: C

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Question: 3

What do not contribute to an insurer’s solvency as measured by statutory accounting requirements?

  1. Non-determined assets
  2. Non-admitted assets
  3. Unacknowledged assets
  4. Disallow assets

Answer: B

Question: 1

Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events is called:

  1. Asset
  2. Determined asset
  3. Operating Performance
  4. Investment property

Answer: A